Jennifer Roberts
When can you relist a newly purchased property in a1031 exchange?
I had a question that my QI couldn't really answer. Before I bug my poor CPA again, I'm wondering about the collective consensus of this group. How long do I need to keep a newly purchased property that I exchange in ...
Andrew Farrell
Hold or 1031 Exchange
I currently have a moderately profitable 3 bed/2 bath long term SFR that I plan on converting to an STR or an MTR... most likely an MTR as this is right next to a major hospital system with a lot of travel nursing dem...
Marcello Pirrelli
LLC when starting out
Hi All,I'm starting off in the real estate investment realm and wanted to solicit some insights to LLC: best strategies, good tips, if there special considerations (i.e. currently overseas for work), and reliable onli...
John Canchola
Partnership, S-Corp or C-Corp LLC? for passive cash flow?
Hi GuysMy dad and I are 50/50 Managing Members of an LLC (filed as "Partnership"). He is 62 and I'm 42. A couple of years ago we just paid-off our bank loan, reduced our operating expenses to a bare minimum and are r...
Derek Morrison
Giving someone else a loan from a 401k
Hi, I was wondering if anyone has been involved in originating or receiving loans from a 401k to purchase a property. Not taking a loan from your personal 401k, but loaning funds to someone (or being the person that r...
Steve Bell
Does hiring a cleaner for STR require a contract?
We recently got an oral agreement with a cleaner who is experienced cleaning STRs. I am a first time STR owner and we plan to go live in next 4 weeks. but I have not heard anyone on these forums or in podcasts talk ab...
Ed D.
S-Corp vs LLC for REI
Hi everyone,
Hope you all are doing great. First, I want to thank the folks here on BP it's wonderful to be able to speak to so many people who are willing to share good information with each other.
I come from...
Samuel Hoston
LLC or Sole Proprietor
Hi guys which is better for residential real estate investing, invest as individual, LLC, or Sole Proprietorship?
Joshua DeGroate
Moving into new home, renting out old home. LLC concerns.
Hey all,My wife and I recently went under contract on a new home. Our intentions are to rent out the house we are currently living in. We want to start an LLC for the tax benefits of being landlords and managing the p...
Zoey W.
Landlords are now taxed on gross revenue and NOT profit!!!???
1. Forgive my ignorance but after watching youtube videos regarding recent changes about landlords it gave me the impression that "section 24" means that landlords are now taxed on "gross revenue" and not "net profit"...